Monday, April 21, 2008

Venture Capital Totals Drop In Q1

PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA) reported Q1 venture capital totals over the weekend, reporting that nationwide, venture capital investments totaled $7.1B over 922 deals. The quarterly venture capital totals--based on data from Thomson Reuters--found that quarterly investment activity was down 8.5 percent from Q4 of 2007. Nationwide, the biotechnology industry topped investments, with $1.27B going into 126 deals, followed by Softare, which had $1.26B in investment in 234 deals. Regionally, PWC reported that the Bay Area had $2.586 billion in venture deals -- as usual, leading the nation -- over 306 investments.